In CCAR, the Fed evaluates capital ratios under distressed financial and economic conditions, the plan to comply with Basel 3 capital requirements, and the capital planning process.

FORBES: Buybacks Unchained: Saddling Up For Bank Of America's Next Big Run

One consequence is that the Basel rules that were so hopelessly flawed have been redrafted, and in the process have become even more complicated and impenetrable.

BBC: If banks are treated as naughty kids...